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Global Flame Retardant Market to Extend Generously During the Upcoming years

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Rahul Sharma
Global Flame Retardant Market to Extend Generously During the Upcoming years

18 November 2019 - Million Insights Market Research has published a new report titledFlame Retardant Market – Global Industry Analysis, Size, Share, Growth, and Forecast, 2018–2026.’ Flame Retardant market report helps analyze trends and significant developments in the industry.

The global flame retardant market size was valued over USD 6.27 billion in 2015. Flame retardant is a key component reducing the impact of fires on people, property, and environment. Flame retardants either prevent the fire from starting or slow it down significantly. The growth in industries such as construction, transportation, and electrical & electronics is expected to propel market demand over the forecast period.

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The major product segments in the market are halogenated flame retardants and nonhalogenated flame retardants. Nonhalogenated product type was the major product segment in 2015 with demand exceeding 1,400 kilo tons. The consumption of these products is expected to grow rapidly owing to growing concerns about pollution caused by halogenated type.

Brominated products dominated the halogenated segment and accounted for more than 40% market share in 2015. In nonhalogenated type, Aluminum hydroxide was the largest product segment and its growing application in end-use industries is expected to augment demand for these products.

Application Insights

Polyolefin was the largest application segment in 2015 and accounted for more than 20% of the overall market. The high flame retardant loading capacity exhibited by polyolefins is responsible for their growing demand in end-use industries such as construction and electrical. The growing demand for high-quality coatings is expected to boost the application of epoxy resins. Epoxy resins consumption was estimated to be around 600 kilotons in 2015.

Market Segment:

Product Outlook (Volume, Kilo Tons, Revenue; USD Million, 2014 - 2025)

  • Halogenated Flame Retardants
  • Brominated FR
  • Chlorinated Phosphates
  • Antimony Trioxide
  • Others
  • Non Halogenated Flame Retardants
  • Aluminum Hydroxide
  • Magnesium Dihydroxide
  • Phosphorous Based
  • Others

Application Outlook (Volume, Kilo Tons, Revenue; USD Million, 2014 - 2025)

  • Polyolefins
  • Epoxy resins
  • Unsaturated Polyester
  • Polyvinyl Chloride
  • Engineering Thermoplastics
  • Rubber
  • Styrenics
  • Others

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Asia Pacific was the major regional segment and accounted for over 45% of total volume in 2015. High demand from countries such as China, Japan, and India are benefitting the market growth. The upcoming electrical & electronics manufacturing hubs coupled with a positive outlook for construction sector is expected to drive the flame retardant market over the forecast period.

The growing pressure of regulatory agencies such as REACH and European Flame Retardant Association (EFRA) is driving the demand for these products in Europe. Europe consumed over 600 kilotons in 2015. The presence of a large number of end-use industries is expected to boost market growth in this region.

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